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Fixed Income: Bunds Move Higher

Posted:02/12/2008 8:13 by Peter Burnside
Bund futures are higher in early trade, following on from yesterday's gains and ahead of October PPI data for the eurozone, which are likely to confirm that inflation is coming down fast on the back of lower oil prices. With economic confidence deteriorating that increases the ECB's room for maneuver at this week's council meeting. As of 7:28GMT the December 10-year Bund future is up 33 ticks at 122.82. In the cash marked the 10-year Bund yield is down 4 bp at 3.12% and the 2-year yield is down 1 bp at 2.11%. By comparison the December 3 months Euribor future is down 0.025 at 96.525 and back months futures are also slightly lower. click here to return to the top of the page
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